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Tata Steel optimistic about steel demand growth in India-The 19th China (Guangzhou ) Int’l Casting product Exhibition
8/10/2017 casting expo-Die-casting expo-foundry expo |
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Business Standard reported that Tata Steel on Tuesday said it was optimistic about the prospects of the steel sector in India and hopes to ramp up the production capacity of its Odisha plant to capture growing opportunities. Addressing shareholders at the company’s 110th annual general meeting here, Tata Steel chairman Mr N Chandrasekaran said the global steel demand is expected to grow 1.3 per cent in 2017 and 0.9 per cent in 2018. He said “Demand for steel in China will remain flattish, while in Euro zone, it would be mildly positive. Steel demand in the country is expected to grow significantly at 6-7 per cent per annum in the next two years.”
He told “We are optimistic of 2017-18 being a better year for the domestic industry and we are set to capture these opportunities. We will endeavor to ramp up our production capacity, particularly at Kalinganagar and leverage our new and differentiated product range.”
-The 19th China (Guangzhou ) Int’l Casting
product Exhibition
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